Coconut Milk Powder Market Forecast Report 2020 – 2027 – Top Key Players Analysis
Coconut Milk Powder Insights:
The market report studies the impact of COVID-19 on the market while covering many aspects of the industry such as market size, market status, emerging trends, and forecast. The report also offers a brief information of the competitors and the specific growth opportunities, along with key market drivers.
Major Players in Coconut Milk Powder Market:
The leading players in the Coconut Milk Powder Market:
- Aeon Co., Ltd.
- Amy’s Kitchen, Inc.
- Albert’s Organics, Inc.
- Applegate Farms
- Carrefour
- Clif Bar & Company
- Coleman Natural Foods Llc.
- Conagra Foods, Inc.
- Dakota Beef Llc.
- Dean Foods Company
Key Drivers of Coconut Milk Powder Market:
The rising adoption of the powdered coconut milk formula as one of the economic substitutes as it has a higher shelf-life is a key factor surging the growth of the global coconut milk powder market. Moreover, after being opened, a canned or tetra pack of coconut milk has less than ten days of shelf life compared to the powder form, which can last for over 30 days. The dehydrated product is formed by evaporating milk until it dries out, preserving it and providing a high shelf life. Additionally, coconut milk powder is considered a vital product for those who cannot buy liquefied coconut milk regularly or prefer buying groceries in bulk. In addition to this, dairy products are among the prohibited food items for both dietary and ethical vegans. Moreover, nutritional complexities associated with dairy products’ consumption and the poor treatment given to dairy cows are rising adoption of veganism. Vegan population groups are working towards removing animals’ commodity status and are growing to adopt other plant-based substitutes, including coconut milk. This factor will further create new opportunities for the growth of the market.
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Based on the region, the Asia-Pacific region is expected to dominate the market during the forecast period owing to the extensive usage of coconut in various food items and the increasing veganism as a dietary lifestyle in the Asian countries.
Coconut Milk Powder Market Segmentation:
The coconut milk powder market has been segmented into the following categories:
Coconut Milk Powder Market by Product Type:
- Organic
- Conventional
Coconut Milk Powder Market by Application:
- B2B
- B2C
Coconut Milk Powder Market by Distribution Channel:
- Supermarket/Hypermarket
- Online
- Specialty Stores
- Others
Coconut Milk Powder Market by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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